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1) New jobless claims in the United States were reported at 202,000 for the week ending December 30, lower than expected, compared to a consensus of 216,000.
2) The federal government’s total national debt exceeded $34 trillion, the highest ever. It highlights the political and economic challenges ahead to improve America’s balance sheet in the coming years.
3) According to Federal Open minutes, nearly all participants indicated that they would lower the target range for the federal funds rate through the end of 2024, while US Federal Reserve officials expressed concern that inflation would remain under control. They seemed confident that the “upside risk” was decreasing. FOMC Monetary Policy Meeting held on December 12-13.
4) U.S. private sector employment increased by 164,000 in December, with annual payrolls increasing 5.4%, according to data released Thursday by Automatic Data Processing (ADP). This figure follows an increase of 101,000 (revised from 103,000) recorded in November and exceeded market expectations of 115,000.
5) The number of JOLT job openings announced by the U.S. Bureau of Labor Statistics was 8.75 million, lower than the expected 8.85 million.
6) The U.S. Bureau of Labor Statistics (BLS) reported Friday that U.S. nonfarm payrolls (NFP) increased by 216,000 in December. This number was much higher than the market estimate of 170,000. Meanwhile, the increase of 199,000 people in November has been revised downward to 173,000 people. Other details in the report said the unemployment rate remained unchanged at 3.7%, while annual wage inflation, measured by change in average hourly wages, rose to 4.1% from 3.9% in November.
7) S&P Global US Composite PMI for December 2023 was 50.9, almost unchanged from the initial forecast of 51.0 and 50.7 in November.
8) The US ISM manufacturing PMI was 47.4 in December 2023, up from 46.7 in November and exceeding the market expectation of 47.1. This number is a measure of the level of penetration index based on the purchasing managers surveyed.
9) Business activity in the US service sector continued to expand in December, albeit at a slower pace than in November, with the ISM Services PMI declining from 52.7 to 50.6. This figure was lower than the market expectation of 52.6. Further details from the survey show that the inflation component, the price paid index, fell slightly from 58.3 to 57.4, while the employment index fell sharply from 50.7 to 43.3. Finally, the new orders index retreated from 55.5 to 52.8.
10) The Chicago Purchasing Managers Index fell from 55.8 in November to 46.9 in December, below the market consensus of 51.0.
11) The HCOB composite PMI for the euro area remained unchanged at 47.6 in December compared to November, while the services PMI increased from 48.7 to 48.8.
12) Eurozone headline inflation rose from 2.4% y/y in November 2023 to 2.9% y/y in December 2023. That’s in line with the Bloomberg consensus of 2.9% year-over-year, but perhaps a little surprising after yesterday’s rally. German and French prints.
Core inflation fell to 3.4% y/y, also in line with expectations and down from 3.6% y/y in November. Core service prices remained flat at 4.0% year-on-year, while core goods prices fell by 2.5% year-on-year.
13) The final UK S&P Global Composite PMI for December rose to 52.1 from 50.7 in the previous month, and the final services PMI for December rose to 53.4 from 50.9 in November.
14) The UK construction industry PMI rose from 45.50 points in November 2023 to 46.80 points in December. The UK construction PMI is expected to reach 50.50 points by the end of this quarter.
15) The S&P Global EU Index was reported at 44.4, a slight improvement from the previous reading of 44.2. In the UK, manufacturing output came in at 46.2, worse than the previous reading of 46.4 and lower than expected.
16) German employment statistics showed the unemployment rate reached 5.9%, according to estimates from economists polled by Reuters.
17) Japan Jibun Bank Service PMI rose from 50.8 in November to 51.5 in December, and the Comprehensive PMI rose by 50.0 from 49.6.
18) China’s Caixin Services Purchasing Managers’ Index (PMI), a private indicator of China’s service sector, rose to 52.9 in December, an increase of 1.4 points from the previous month, reaching the highest level in the past five months. It was announced that. A private investigation released Thursday.
19) China’s official Manufacturing Purchasing Managers’ Index (PMI) was 49.0 in December, the third consecutive negative month since 49.4. The NBS Non-Manufacturing PMI was lower than expected, coming in at 50.4 in December versus his 50.2 in November.
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